[10.06.2020 14:14 UTC] Tom McEnchroe
Rulling coalition decides to lower rate of planned digital tax to 5 percent
The council of the current rulling coalition of the ANO party and the Social Democrats agreed on Wednesday to lower the rate of the planned digital tax to 5 percent. If passed by Parliament, the tax will be payed by internet companies operating with a budget of EUR 750 million or higher. A further condition is that these companies' annual turnover in the Czech Republic is at least as high as CZK 100 million.
Originally the plan was for the tax to be 7 percent. However, Finance Minister Alena Schillerová proposed a lower rate on the basis that the original rate was the highest among countries which are planning to implement the digital tax.
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